PennyMac Financial Services (PFSI) said Tuesday that its third-party origination division has launched a suite of non-qualified mortgage products to help partners serve self-employed workers, entrepreneurs, and business owners.
The offering includes tools such as debt service coverage ratio for real estate investors, full documentation for borrowers with non-traditional income sources, bank statement programs, and asset qualifier options, the company said.
PennyMac said the new products are now available to approved TPO partners.